EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5

Notes to the consolidated fi nancial statements

Income from the activity is recorded, in compliance with IFRS 15, and the income derived from the sale of goods is recognized upon the transfer of control of the goods or services. Any trade discounts rebates and related items granted to customers are recognized as amounts deducted from revenue. Revenue from the sale of services is recognized at fair value of the consideration received or receivable. Revenue from the sale of products is recognized when delivery has been completed, the amount of revenue can be reliably measured and the economic bene fi ts of the transaction will fl ow to the Group.

Financial debt Non-current loans and fi nancial debt are valued at their historical nominal value considered close to their amortized cost. 1.20 Income from ordinary activities Revenue from ordinary activities results from the manufacturing and sales of goods, purchases and resales of goods and sales of product services as part of the Group’s main activities.

Note 2 Basis of consolidation

Percentage controlled

Percentage held

Method of consolidation

Name

09/2019

09/2019

09/2020

09/2020

Parent company

EXEL Industries SA

100.00%

100.00%

100.00%

100.00%

SUPRAY Technologies SAS

100.00%

100.00%

100.00%

100.00%

FC

TECNOMA SASU

100.00%

100.00%

FC

PRECICULTURE SAS

100.00%

100.00%

100.00%

100.00%

FC

CMC SAS

100.00%

100.00%

100.00%

100.00%

FC

NICOLAS Sprayers SAS

100.00%

100.00%

100.00%

100.00%

FC

EXXACT ROBOTICS SASU

100.00%

100.00%

FC

GAMA Technologies SAS

100.00%

100.00%

100.00%

100.00%

FC

BERTHOUD SASU

100.00%

100.00%

FC

FISCHER Nouvelle SARL (Switzerland)

100.00%

100.00%

100.00%

100.00%

FC

BERTHOUD Sprayers Ltd (UK)

100.00%

100.00%

100.00%

100.00%

FC

MATROT UK Ltd (UK)

100.00%

100.00%

100.00%

100.00%

FC

SCI CATHAN

100.00%

100.00%

100.00%

100.00%

FC

CAPAGRI

100.00%

100.00%

100.00%

100.00%

FC

SCI MAIZY

100.00%

100.00%

100.00%

100.00%

FC

VERMOREL (Romania)

100.00%

100.00%

100.00%

100.00%

FC

INGELIA (Romania)

90.00%

90.00%

90.00%

90.00%

FC

HOZELOCK EXEL (ex-EXEL gsa SAS)

100.00%

100.00%

100.00%

100.00%

FC

EXEL Real Estate (USA)

100.00%

100.00%

100.00%

100.00%

FC

EXEL Real Estate Australia (Australia)

100.00%

100.00%

100.00%

100.00%

FC

EXEL Real Estate Germany (Germany)

100.00%

100.00%

100.00%

100.00%

FC

EXEL Real Estate Netherlands BV (Netherlands)

100.00%

100.00%

100.00%

100.00%

FC

EXEL Real Estate Denmark (Denmark)

100.00%

100.00%

FC

EMC LLC (Russia)

100.00%

100.00%

100.00%

100.00%

FC

SAMES KREMLIN SAS

100.00% 100.00% 100.00% 100.00%

FC

French subsidiaries: API SCM SAS

100.00%

100.00%

100.00%

100.00%

FC

Foreign subsidiaries: SAMES KREMLIN Germany

100.00%

100.00%

100.00%

100.00%

FC

iNTEC SAMES KREMLIN (Germany)

100.00%

100.00%

FC

SAMES KREMLIN Spain

99.90%

99.90%

99.90%

99.90%

FC

EXEL Industries group I 2020 Universal Registration Document

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